NOT LISTED FOR SALE

861 Front St Grover Beach, CA 93433

Estimated Value: $784,000 - $1,195,000

2 Beds
3 Baths
1,542 Sq Ft
$606/Sq Ft Est. Value

Last Sold May 14, 2020

Last sale price $1,700,000 $1,102 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $5,359/month

47 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Carpet
  • Arroyo Grande High School Rated A-
  • 1 Car Garage
  • Heating Available

About This Home

As of May 2020

Back on market,no fault of the property.This is a must see income property! Well maintained 8-unit apartment investment sitting on 2 parcels near Pismo State Beach & Oceano Dunes. Close to the ocean and butterfly grove but hidden away in a quiet residential neighborhood. Surrounded by tall eucalyptus trees with mature landscaping, providing privacy and a warm country feel. Lot is spacious with room for an inviting BBQ and picnic area under the trees. All units have separate electric meters and electrical appliances. Plenty of upside in rents.
Duplex features a 2Bed/1.5Bath townhome with fireplace and attached garage and a very comfortable upstairs studio apartment.
6-Plex features 2 units downstairs and 4 units upstairs, all 2Bed/1Bath single level units, with 7 carports and laundry room

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 04/27/2020

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.25

Parking

  • 1 Car Garage
  • 7 Open Parking Spaces
  • 7 Carport Spaces

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 060-481-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1977
  • Meters Sep Meter Elec: Y
  • ResoLaundryFeatures: Laundry Room
  • Reso Flooring: Vinyl, Carpet
  • Garage Yn: Yes
  • Property Information Year Built2: 1977
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Carport Spaces2: 7.0
  • Parking Info Total # Unconvered Spaces: 7.0
  • Foundation:Slab: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Carpet: Yes
  • Parking Info Garages: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • HeatingCooling Elec: Yes
  • Parking Info Total # Garage Spaces2: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 1.0
  • Open Parking Spaces: 7.0
  • Parking Features: Garages, Carport, Uncovered

Utilities

  • Heating: Elec
  • HeatingYN: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 060-481-001
  • Zoning: Other, R-3

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2024
Sold by
Elwood Family Trust and Elwood Grant D
Bought by
Elwood Family Trust and Elwood
Current Estimated Value
$935,133

Purchase Details

Listed on
Apr 27, 2020
Closed on
May 11, 2020
Sold by
Simmons Theodore M and Simmons Family Trust
Bought by
Elwood Grant D and Elwood Family Trust
Seller's Agent
Steve Battaglia
Battaglia Commercial Real Esta
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$1,895,000
Sold Price
$1,700,000
Premium/Discount to List
-$195,000
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.06%

Purchase Details

Closed on
Jan 10, 2017
Sold by
Simmons Theodore M
Bought by
Simmons Theodore M and Simmons Kelly Griffin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.16%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 25, 2006
Sold by
Ranelletti Family Lp
Bought by
Dechert Louise R and Tackett Arlene Linda

Purchase Details

Closed on
May 22, 2006
Sold by
Dechert Louise R and Tackett Arlene Linda
Bought by
Simmons Iii Theodore M

Purchase Details

Closed on
May 15, 2006
Sold by
Ranelletti Mary Elizabeth
Bought by
Ranelletti William A

Purchase Details

Closed on
Jun 19, 1998
Sold by
Ranelletti Tony and Ranelletti Virginia
Bought by
Ranelletti Family Ltd Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Elwood Family Trust -- None Listed On Document
Elwood Grant D $1,700,000 Fidelity National Title Co
Simmons Theodore M -- Fidelity National Title Co
Dechert Louise R -- United Independent Title Ins
Simmons Iii Theodore M $1,345,000 United Independent Title Ins
Dechert Louise R -- United Independent Title Ins
Ranelletti William A -- United Independent Title Ins
Ranelletti Thomas -- United Independent Title Ins
Ranelletti Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simmons Theodore M $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 Sold $1,700,000 -10.3% $1,102 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $1,895,000 -- $1,229 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,525 $536,735 $218,727 $318,008
2024 $5,482 $482,487 $214,439 $268,048
2023 $5,482 $473,028 $210,235 $262,793
2022 $5,397 $463,754 $206,113 $257,641
2021 $5,333 $454,662 $202,072 $252,590
2020 $4,685 $399,849 $187,428 $212,421
2019 $3,971 $335,000 $160,000 $175,000
2018 $3,821 $320,000 $150,000 $170,000
2017 $3,433 $295,000 $145,000 $150,000
2016 $2,932 $265,000 $125,000 $140,000
2015 $2,744 $250,000 $117,500 $132,500
2014 $3,692 $250,000 $100,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1023

Santa Barbara Multiple Listing Service

APN: 060-481-001